Liquid Engines ITx includes a comprehensive tax data repository that enables international tax teams to collect, standardize, and centralize critical data associated with both local and U.S. taxation. This capability eliminates the challenge of managing independent data silos, disparate tax systems, and individual spreadsheets. In addition, the centralized data repository provides rapid access to critical data and the transparency needed to adhere to today’s corporate governance guidelines. Leveraging ITx's fully integrated data repository, tax professionals can quickly and accurately assess the multi-year impact of various tax-related decisions.

The data repository is legal-entity centric and completely configurable. In addition, it supports the consolidation of data over an unlimited number of years and includes reporting tools to maintain, update, manage, and analyze the data on a continuous basis. The flexibility of the system enables users to easily import data from an unlimited number of sources, including compliance systems, financial applications, and Excel models.

The repository includes regular and AMT information for:

• Multi-year entity structure, including branch-level data
• Multi-year domestic and foreign tax treatment
• U.S. consolidated group, domestic, and foreign entities
• Local P&L to current-year E&P views
• Sourcing, allocation, and apportionment
• E&P and tax pools
• Intercompany transaction structure and related data
• Distributions
• Subpart F
• FTCs, NOLs, SLLs, OFLs, and R&D credits

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